FCT Minister Nyesom Wike has hailed President Bola Tinubu for his new appointment. The reason for the jubilation of the former governor has been disclosed.
The Nigerian government has announced that individuals earning N100,000 and below are exempted from paying the newly introduced Personal Income Tax (PIT).
UBA is inviting shareholders to take up more shares, as it issues 3.15 billion new shares to raise the money needed to meet CBN capital requirements.
Oyedele pointed out that the government was missing out a lot of tax revenue from digital entrepreneurs like content creators, skit makers and others.
The federal government has directed the Nigerian Electricity Supply Industry (NESI) to improve distribution by at least 50% in the next 18 months.
After buying additional 4.7 billion shares 2 years ago, Otudeko has sold all 10.4 billion shares in First Bank HoldCo, making way for another majority shareholder.
The Nigerian currency, the naira, depreciated to N1,530 per dollar on Wednesday, July 16, 2025, from N1,518 the previous day, as dollar demand rose in the FX market.
G20 chair South Africa warned Thursday that abandoning the rules-based global order and declining cooperation could derail 2030 development goals to end hunger, eradicate extreme poverty and fight climate change.
Swiss pharmaceuticals giant Novartis posted Thursday a 29 percent increase in first-half net income, at $7.6 billion -- and unveiled its new chief financial officer. The Basel-based firm's net sales increased 12 percent to nearly $27.3 billion between January and June, it said in a statement.
Swatch Group said Thursday that weak sales in China wiped out growth elsewhere in the first half of the year for the world's top watch company, leaving it barely profitable. Besides its eponymous Swatch watches, the company owns high-end brands such as Omega, Longines and Tissot, and like other luxury firms the demand of Chinese consumers for Western goods has made it a top market.
The boss of British no-frills airline EasyJet on Thursday bemoaned "unacceptable challenges" for staff and passengers resulting from strike action by air traffic controllers in France earlier this month. Strikes by French air traffic controllers in early July brought chaos to European skies, with flights for hundreds of thousands of people cancelled as the summer holiday season gathered pace.
Economy
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